Springfield Education Foundation

Analysis

Springfield Education Foundation is a registered charity in United States, based in Springfield, OR. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Springfield Education Foundation reported income of $381k and spending of $452k, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $361k to $381k (+5.6%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield Education Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within OR. Charities of a similar size with the same main cause include African American Wellness Project ($381k), Derry Preschool Inc ($381k) and Randolph Community Partnership Inc ($381k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $125k (28% of expenses). At year end it held assets of $478k against liabilities of $41k, net assets of $437k. It reported 2 employees.